Speculators Bet on Kerry Win, Oil Falls!

[Bluebear]

LONDON (Reuters) - Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year's record-breaking rally.

U.S. light crude settled down $1.63 to $50.13 after diving as low as $49.30 a barrel, breaking below $50 the first time in nearly a month. U.S. crude peaked a week ago at $55.67 a barrel.

In London, Brent crude lost $1.92 to $47.06 a barrel.

Energy analysts said a win for the challenger Kerry in Tuesday's U.S. presidential election could mean lower crude prices than if President Bush were reelected. Latest opinion polls can barely separate the two.

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20041101/bs_nm/markets_oil_dc

[Bluebear]

1. Holy moly, things moving fast today!

[jasmeel]

2. I love this story because on the Today show today there

was this economic lady talking about how a Kerry win would negatively effect the economy! I smell desparate bullshit!!

[Bluebear]

3. House of Bush, House of Saud = 2 nervous houses today! nt